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Aberdeen Granted 1% Gold Royalty

02/17/2009

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FOR IMMEDIATE RELEASE
February 17th, 2009

Toronto, Ontario, February 17th 2009: ABERDEEN INTERNATIONAL INC. (“Aberdeen”, or the “Company”) (Toronto Stock Exchange: AAB) Aberdeen is pleased to announce that it has been granted a 1% gold royalty on all of Simmer and Jack Mines Limited ( “Simmers” ) Northwest Assets ( SIM:SJ), including the Mine Waste Solutions project held by First Uranium Inc (TSX:FIU), a subsidiary of Simmer and Jack in South Africa.

Aberdeen estimates the fair value of the 1% NSR, based on a discounted cash flow analysis, would be estimated at US$43.4 million. This estimate includes gold production from both Simmers and First Uranium and the repayment of the US$10 million principal advanced under the Loan Agreement with Simmer’s

Simmers has now released the result of its Shareholders vote which was held on Monday, February 16, 2009, as requested by Aberdeen to convert its Loan Agreement to common equity. Simmer’s has disclosed that the Company’s request to convert its Loan to equity was voted down by its shareholders.

The Aberdeen Loan Agreement states: “In the event that the approval of the shareholders of the Borrower has not been obtained within a reasonable period of time, the Lender shall be entitled to a 1.0% net smelter royalty on gold produced from the Borrower’s Northwest assets ( all properties held by the Borrower through Buffelsfontein Gold Mines Limited, listed in schedule B, will be subject to a net smelter royalty in favour of the Lender with the royalty being calculated on the revenue of those properties) which is in addition to the net smelter royalty referred to in section 2.9, with such additional royalty to be payable in perpetuity.”

As a consequence of denying our request to convert to equity, the 1% Net Smelter Royalty will be payable from October 16, 2008 being the date upon which the notice to convert the loan to equity was served on Simmers.

As the 1.0% NSR is in addition to our Graduated Royalty (section 2.9 of the Loan Agreement), Aberdeen's position is that in addition to the 1% Net Smelter Royalty, the US$10 million loan which matured on December 31, 2008 (together with arrears of interest and royalties) will be re-payable no later than Monday February 23rd 2009.

In addition to receiving a gold royalty on the Buffels underground mine and First Uranium’s Tailings Recovery Project, Aberdeen would also be entitled to a 1% royalty on any gold produced from the greater Buffels Area comprising twelve claims including the Hartebeestefontein 422IP claim which contains the Strathmore project on which a pre-feasibility study was completed in January 2008. Simmers has reported that this project could potentially provide 11.9 million ounces of gold production which would be subject to the to the Company’s 1% life of mine royalty.

Key assumptions used in determining the fair value of the loan facility include the following: 1) receipt of a graduated royalty plus the 1.0% NSR from Oct 16, 2008 to December 31, 2008; 2) repayment of the US$10 million loan due December 31, 2008 ; 3) 5% discount rate; 4) US$850 gold price through fiscal year 2010, and US$700 thereafter; and, 5) life of mines and gold production estimates as publicly disclosed by Simmers and First Uranium.

George Faught, Aberdeen’s President and CEO, stated, “We are very pleased to have finally crystallized the value of the Loan agreement which to this point has had some uncertainty hanging over its value and as a consequence our share price has reflected that uncertainty. The 1.0% NSR offers tremendous value to Aberdeen’s shareholders and we expect to monetize these royalties at the earliest opportunity to continue with our Resource Merchant Banking model”

About Aberdeen International Inc:

Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen will seek to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen will focus on companies that: (i) are in need of managerial, technical and financial resources to realize their full potential; (ii) are undervalued in foreign capital markets; and (iii) operate in jurisdictions with moderate local political risk. Aberdeen will seek to provide value-added managerial and board advisory services to companies. The Corporation’s intention will be to optimize the return on its investment over an 18 to 24 month investment time frame.

Aberdeen International Inc.

Please visit the Company’s web site at www.aberdeeninternational.ca or write us at smoore@aberdeeninternational.ca
For further information please contact:

George Faught Stan Bharti
President and CEO Executive Chairman
Tel: (416) - 861 – 5887 Tel: (416) - 861-5876

Cautionary Notes

Cautionary Note Regarding Forward-Looking Information This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the future financial or operating performance of the Company, valuations of investments, valuation of the royalty and the shares issuable on equity conversion, outcome of the Simmers shareholders meeting, assumptions underlying valuations, outcome of potential disputes regarding interpretation of the royalty agreement, and third party projections of gold production , investment philosophy and liabilities and commitments. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: litigation risks; gold prices; third party risks; general business, economic, competitive, political and social uncertainties; general other risks of the mining industry and investment industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities